China Powdered Fats Market Size & Outlook, 2022-2030
China powdered fats market, 2018-2030 (US$M)
Related Markets
China powdered fats market highlights
- The China powdered fats market generated a revenue of USD 246.7 million in 2022 and is expected to reach USD 375.7 million by 2030.
- The China market is expected to grow at a CAGR of 5.4% from 2023 to 2030.
- In terms of segment, palm & palm kernel was the largest revenue generating source in 2022.
- Coconut is the most lucrative source segment registering the fastest growth during the forecast period.
Powdered fats market data book summary
| Market revenue in 2022 | USD 246.7 million |
| Market revenue in 2030 | USD 375.7 million |
| Growth rate | 5.4% (CAGR from 2022 to 2030) |
| Largest segment | Palm & palm kernel |
| Fastest growing segment | Coconut |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Palm & Palm Kernel, Coconut, Milk, Sunflower, Canola, Corn |
| Key market players worldwide | Kerry Group PLC Class A, FrieslandCampina, Aarkay Food Products Ltd, Instafood, Castle Dairies, Zeon Lifesciences, Natural Extracts Industries |
Other key industry trends
- In terms of revenue, China accounted for 11.0% of the global powdered fats market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China powdered fats market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 254.2 million by 2030.
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Powdered Fats Market Scope
Powdered Fats Market Companies
| Name | Profile | # Employees | HQ | Website |
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China powdered fats market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to powdered fats market will help companies and investors design strategic landscapes.
Palm & palm kernel was the largest segment with a revenue share of 35.02% in 2022. Horizon Databook has segmented the China powdered fats market based on palm & palm kernel, coconut, milk, sunflower, canola, corn covering the revenue growth of each sub-segment from 2018 to 2030.
Factors such as rising meat consumption and high demand for processed foods among Chinese consumers are driving the demand for powdered fats in the country. The rising awareness of nutrition and health has led several consumers in the country to seek a protein-rich diet.
Plant and animal-based fat powders enhance the taste and texture of a wide range of foods, such as sauces, soups, gravies, and other end products. In response to the rising demand for flavorful products in the country, several manufacturers are offering a wide range of powdered fats.
For instance, Chinabased Jining Nature Foods Co., Ltd. offers beef fat powder for different processed food applications.
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Target buyers of China powdered fats market databook
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Our clientele includes a mix of powdered fats market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China powdered fats market , including forecasts for subscribers. This country databook contains high-level insights into China powdered fats market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China powdered fats market size, by source, 2018-2030 (US$M)
China Powdered Fats Market Outlook Share, 2022 & 2030 (US$M)
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